The QE3 should cause more folks to look for healthier yields from hard assets.
The yellow carpet pictured here was from the duplex on Dixie, listed for $1,050,000 (and now pending) for what is essentially a teardown. Someone made a cash offer that was $100,000 over list price….and lost:
Here’s another one below. These four 1-br units are on a 50-foot wide lot with no view listed for $1,599,888 yesterday, and it’s a teardown too. But it already has an offer on it – the link: